NYSE:PEBHotel and Resort REITs
Is Pebblebrook Hotel Trust’s (PEB) Latest Hotel Sale Signaling a Shift in Capital Allocation Strategy?
Pebblebrook Hotel Trust recently completed the sale of Montrose at Beverly Hills, a 133-room property in West Hollywood, for US$44.25 million, with plans to use the proceeds for debt reduction and share repurchases.
This move reflects Pebblebrook’s ongoing emphasis on optimizing its hotel portfolio and bolstering its balance sheet, while another hotel sale is expected to close in the near term.
We'll examine what the sale of Montrose at Beverly Hills means for Pebblebrook’s focus on capital...